SOUTHERN PACIFIC SECURITIES 04-1 PLC (the "Issuer")
4th Floor
40 Dukes Place
London
EC3A 7NH
(a public limited company incorporated under the laws of England and Wales
with registered number 4930716)
NOTICE TO THE HOLDERS (the "Noteholders")
of those of the
£177,700,000 Class A2 Mortgage Backed Floating Rate Notes due 2042
(ISIN: XS0186713797)
(the"Class A2 Notes")
£31,500,000 Class M Mortgage Backed Floating Rate Notes due 2042
(ISIN: XS0186714506, US84359TAB35)
(the"Class M Notes")
£6,000,000 Class B Mortgage Backed Floating Rate Notes due 2042
(ISIN: XS0186715222)
(the"Class B Notes")
together referred to as the "Notes".
of the Issuer presently outstanding
THIS NOTICE IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION
If you are in any doubt as to the action you should take, you
are recommended to seek your own financial and legal advice
immediately from your stockbroker, bank manager, solicitor,
accountant or other financial adviser authorised under the
Financial Services and Markets Act 2000 (if you are in the
United Kingdom), or from another
appropriately authorised independent financial or legal
adviser.
If you have recently sold or otherwise transferred your entire
holding(s) of Notes referred to below, you should immediately
forward this document to the purchaser or transferee or to the
stockbroker, bank or other agent through whom the sale or transfer
was effected for transmission to the purchaser or transferee.
Capitalised terms used in this Notice and not specifically
defined in this Notice will bear the same meaning as in the Master
Definitions Schedule dated 26 February
2004 between, amongst others, the Issuer and the Trustee, as
amended, restated, supplemented, modified or otherwise varied from
time to time (the "Master Definitions Schedule").
References in this Notice to a "Class of Notes" shall be deemed
to be a reference to the Class A2 Notes, the Class M Notes or the
Class B Notes, as the case may be.
NOTICE IS HEREBY GIVEN to the Noteholders that, at the
resepctive Meetings of the holders of the Notes, convened by the
Issuer by the Notice to Noteholders dated 18
December 2012 (the "Notice of Meetings") and held on
16 January 2013, the Extraordinary
Resolution (as set out in the Notices
of Meetings) was duly passed by the holders of each Class of
Notes.
This notice is given by the Issuer
18 January 2013
Principal Paying Agent
The Bank of New York Mellon, London Branch
One Canada Square
London E14 5AL
Attention: CT Events Administration
Telephone: +44 20 7964 4958
Fax: +44 20 7964 2536 (for the attention of Debt Restructuring Services
E-mail: debtrestructuring@bnymellon.com
Issuer
Southern Pacific Securities 04-1 PLC
4th Floor
40 Dukes Place
London EC3A 7NH
Telephone: +44 203 367 8200
Fax: +44 203 170 0246
E-mail: spvservices@capitafiduciary.co.uk